Listing provided courtesy of Averta RealtyMREDas Distributed by MLSGrid- MLS# 12492889MLS Provider

1529 N 31st AvenueMelrose Park, IL 60160

Commercial · 3.39 Acres
$20 Active

1529 N 31st Avenue Overview

Time on Site:
262 days
Visits:
7

Fully renovated in 2022, this 39,000 SF industrial facility is designed for transportation, logistics, and fleet operations. The property features executive-quality offices, a modernized maintenance shop with professional-grade infrastructure, and a warehouse with both dock and drive-in loading. Recent capital improvements include a new roof, partial HVAC replacement, LED lighting throughout, a newly paved asphalt yard with cement dolly pads, and a comprehensive security system with 65 high-definition cameras. Strategically located in the O'Hare Industrial Submarket, the property offers immediate access to I-290, I-294, and I-88, and is just minutes from O'Hare International Airport. The facility can be delivered with equipment in place or vacant, providing flexibility for a wide range of industrial and transportation users. Originally built in 1962 and completely rehabilitated in 2022, this 3.39-acre site is zoned M-1 and offers approximately 50 stalls for trucks and trailers within a fully fenced yard featuring two secure gates. The warehouse and shop areas include nine exterior docks and five drive-in doors, while the yard has been resurfaced and equipped with new LED lighting and cement dolly pads. The building's roof was replaced in 2022, and half of the HVAC systems were upgraded the same year. Inside, the executive offices were fully remodeled with high-end finishes, conference rooms, and dispatch space. The shop area includes multiple lifts, compressor lines, an alignment machine for medium-duty trucks, a $300,000 oversized paint booth, and a dedicated parts room. A driver's room with washers, dryers, and showers adds to the facility's convenience and functionality. The truck wash bay is heated, vented, and equipped with a floor drain system. The shop offers 20-foot ceiling height with 18-foot clear height, while the warehouse has a 15-foot-6-inch ceiling with a 13-foot-6-inch clear height. The property is equipped with a sprinkler system, industrial-grade concrete flooring in excellent condition, and efficient LED fixtures throughout the interior and exterior. Additional highlights include a fully integrated security system, extensive yard lighting with automatic activation, and prime positioning within the Chicago metro trucking corridor. With its modern infrastructure, premium finishes, and unbeatable location near O'Hare, this facility offers a rare opportunity for transportation and logistics operators seeking a turnkey property in one of Chicago's most sought-after industrial submarkets.

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1529 N 31st Avenue Facts & Features

  • Type Commercial
  • Lot 3.39 Acres

Details

General

Income/Expenses

  • Existing Lease Type: N/A

Building Information

  • Year Built: 1962

Business Information

  • Business Type: Transportation

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Melrose Park
  • Township: Leyden

Rent/Lease Information

  • Tenant Pays: Electricity, Taxes, Insurance, All Utilities

General Information

  • Property Type: Commercial Lease
  • Zoning: WRHSE

Interior

General Information

  • Cooling: Central Air, Exhaust Fan, Office Only, Ceiling Fan(s)
  • Electric: Service - 201 to 600 Amps, Power - 480V, Three Phase, Other
  • Flooring: Carpet, Tile, Vinyl, Sealed
  • Leasable Area: 39000
  • Stories: 1

Unit Information

  • Unit SqFt.: 39000

Exterior

Lot Information

  • Lot Size Acres: 3.39
  • Water Source: Municipal Water

Building Exterior/Construction

  • Construction Materials: Brick, Concrete, Block

General Information

  • Number Of Units Total: 1
  • Utilities: Electric to Site,Natural Gas Available

1529 N 31st Avenue Neighborhood

Community

60160 (Melrose Park) Demographics

34
Median Age
5,702
Population Density (per sq. mile)
21%
College Educated
$53,731
Estimated Median Income
3,986
Estimated Total Home Owners
3,854
Estimated Total Renters
51% / 49%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1529 N 31st Avenue Market Data

Based on the last 30 days in this zip code

$358,572
Average List Price
$222
Average Price per Square Foot
7
Properties Sold
35
Average Days on Market
18
Properties for Sale
Calculations provided by Reliance Network

1529 N 31st Avenue History

Date Event Value Agent
10/15/2025Source: MRED Status Change
Active
10/10/2025Source: MRED Added to Database
October 10, 2025